President Aquino is rallying the nation to demonstrate its “1,000 percent” effort and show the best of the Philippines has to offer as the country gears up to host the Asia-Pacific Economic Cooperation (APEC) 2015 Summit. The President, addressing the formal launch of APEC 2015 in Makati City, said the nation must strive to be a “prominent example of how economic growth should be.” APEC 2015 LAUNCHED –
Vice President Jejomar C. Binay has written President Aquino to urge the release of P2 million that will be used as blood money to enable the release of overseas Filipino worker (OFW) Jonard Langamin who is currently languishing in a Saudi Arabia prison. Binay, the Presidential Adviser on OFW Concerns, said he has also asked the Department of Foreign Affairs (DFA) to expedite the release of the blood money so Langamin can spend Christmas with his family.
MANILA, Philippines – Buying a property in your child's name is a great idea for a gift, but it may cause a lot of complications involving donor's tax. The Bureau of Internal Revenue defines donor’s tax as a tax on a donation or gift, and is imposed on the free transfer of property between two or more persons who are living at the time of the transfer. If a parent pays for a condominium unit under an underage child’s name, then it will fall under a donation. “Normally, what the government looks for is,